Friday, August 17, 2012

Summer Las Vegas Market A Super Success

The Summer 2012 Las Vegas Market delivered an energized show and attracted thousands of upbeat home furnishings buyers—many of whom were there for the first time—from around the United States and abroad. Las Vegas’ Summer Market, July 30-August 3, was highlighted by buying power among retailers who were ready to do business, as well as incredible momentum among new exhibitors including a vibrant temporaries section, the debut of a high-end home décor showcase in Building B, and the signing of 43 new showroom leases since the start of the year totaling approximately 265,000 square feet of space—adding to the diversified merchandise mix that buyers can find at Las Vegas Market.

“At the start of the year, Las Vegas opened the doors to its strongest market in three years and set the tone for a positive 2012. While total traffic at August show was lighter, as at other summer markets, individual store attendance was up from prior summer shows. Furthermore, the retailers who came were serious about buying,” said Robert Maricich, chief executive officer of IMC. “It’s very encouraging to see the number of individual buying units continue to grow especially given the summer slow down at retail. The trajectory at Las Vegas Market continues to trend upward.”

Las Vegas Market officials reported a modest increase in retail store attendance over last year, and an 8 percent increase over two years ago.  Furthermore, leading furniture manufacturers reported growth in year-on-year sales volume despite current macro economic trends.

Las Vegas Market also experienced a significant influx of new sleep product buyers at this summer’s Market. Buyers showed up in droves, as the number of first-time mattress buyers at Las Vegas Market increased by 124 percent, reinforcing its standing as the nation’s premier bedding market.
    
 

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